Analytic reviews

GBPUSD

The pair has grown significantly against the background of growing expectations of the Bank of England raising the interest rates, but technically it's strongly overbought and may correct under its own "weight".

The price is above the lower Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone. Stoch are leaving the overbought territory.

Trading recommendations:

If the price falls below 1.3560 level, it's likely to go further down to 1.3415.

EURGBP

The pair may continue falling against the backdrop of rising expectations of the ECB raising the interest rates or reducing the volumes of economy stimulation before the end of the year.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone, Stoch are also there.

Trading recommendations:

If the price drops below 0.8860 mark, it's likely to go further down to 0.8650

EURUSD

The pair is still under pressure as the positive data on consumer inflation in the US that is expected to be released today. If the data turns out to be better than predicted, it may provide support for the USD.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are already there.

Trading recommendations:

If the price falls below 1.1850 level, the pair is likely to go further down to 1.1745.

EURGBP

The price has reached the local target of 0.9000 as the released consumer inflation data in the United Kingdom turned out to be strong, which reinforced the expectations of the Bank of England raising the interest rates on the September meeting. If today's figures on the employment and average pay also display a significant growth, the pair is likely to continue falling.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone. Stoch have left the oversold territory, but their growth is apparently weakening.

Trading recommendations:

If the price falls below 0.9000 level, it's likely to go further down to 0.8885.

EURGBP

The pair is highly likely to continue falling if today's data on the consumer inflation in the United Kingdom turns out to be at least on the predicted level.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone, Stoch are already there.

Trading recommendations:

If the pair drops below 0.9060 level, it's likely to go further down to 0.9000.

EURGBP

The pair is still under pressure following the last week's release of positive data on British economy, moreover, the pair has been strongly overbought recently.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone, Stoch are already there.

Trading recommendations:

If the pair drops below 0.9100, it's likely to go further down to 0.9050.

USDJPY

The pair continues to fall under the influence of two important factors. First, it's the tense international climate, second, the weakness of USD. The yen keeps growing despite the release of weaker second quarter GBP data in Japan.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI has entered the oversold zone. Stoch are also entering the oversold zone.

Trading recommendations:

If the price drops below 108.00 level, it's likely to fall further down to 107.00.

EURGBP

The pair is moving within the narrow range in anticipation of the outcome of the ECB monetary policy meeting, which will determine the future of stimulating measures. If the bank doesn't rule to cease the stimulation or to reduce its volume and Mario Draghi doesn't convince the market of certainty of the coming changes, the Euro rate is likely to decrease.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below 50% level and is reversing upwards. Stoch are growing.

Trading recommendations:

If the price falls below 0.9125 level, it's likely to go further down to 0.9050 against the backdrop of the ECB monetary policy decision.

EURGBP

The pair resumed its decline against the backdrop of weak business activity indices in Eurozone that were released this Tuesday. There are increasing doubts on the market that the ECB will decide at tomorrow meeting to cease the stimulation programs in 2018.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below 50% level and is reversing upwards. Stoch are in the oversold zone.

Trading recommendations:

If the pair doesn't settle in above 0.9150 mark, it's highly likely to drop down to 0.9100.

USDJPY

Risks in international politics push the pair downwards while the investors display demand for protective assets, one of which is the Japanese yen. The pair is most likely to decline as long as North Korean crisis keeps threatening to escalate.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% and moves downwards. Stoch have also reversed downwards.

Trading recommendations:

Technical analysis shows that the pair fell below 109.45 level, which will trigger its further decline down to 108.45 against the alarming geopolitical backdrop.